Core Insights - The company is transitioning from rapid expansion to a 'measured pace' of growth, emphasizing healthy unit economics and spacing out new openings to prevent cannibalization [1] Financial Performance - The Texas market is a significant challenge, negatively affecting consolidated restaurant-level margins by 180 basis points in Q4, although targeted labor management actions yielded slightly positive results towards the end of the quarter [1] - The company reported a 3.3% decline in same-restaurant sales, primarily due to a decrease in transactions, while the average check remained flat as price increases were countered by a negative product mix [1] New Initiatives - The 'Restaurant of the Future 1.0' format in Atlanta showed strong initial performance, generating over $2 million in sales within its first 8 weeks, despite having a 20% smaller footprint than previous prototypes [1] - The Perks loyalty program has surpassed 2 million members and is being utilized as a key strategy to drive traffic and enhance value perception through targeted, non-traditional offers [1] Market Performance - Performance in the core Chicagoland market remains strong, with significant growth in revenue and margins over the past decade, despite an increase in restaurant density [1]